Sweden-based Net Insight said it has secured a landmark live media transport deal with one of its existing customers, which it claimed involved the delivery of its most advanced media solutions for U.S. sports venues.
The deal is valued at $6 million and represents one of the largest media contracts in the company’s history. The name of the customer had not been disclosed.
The agreement was secured among strong competition and includes fully equipped Nimbra 1060s, Net Insight’s latest generation of live media transport solutions for managed networks. It marks an important step in expanding Net Insight’s presence in the US market. The greater part of the order is scheduled for delivery during 2025, starting in Q2.
Net Insight said the deal underscores the growing need for increased network capacity at venues and remote production capabilities. Here, Net Insight said it is at its strongest, with plans to launch a 400G IP platform at the turn of 2025/2026.
Crister Fritzson, CEO of Net Insight, said: “With continued geopolitical uncertainty, it is particularly satisfying to close this deal, which we have been working on for a long time. It demonstrates the competitiveness of our offering and is a clear sign of the trust our long-standing global customer places in our technology and expertise. It confirms key elements of our strategic direction, including a focus on the US market and highlights the value we deliver to live sports media ecosystem through our reliable, scalable, and future-proof solutions for both managed as well as unmanaged networks.”
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